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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Transportation is measured just as a cost rather than what it does for the rest of the organization. Again, not saying cost reduction is an indicator of poorly measuring supply chain performance, but it's not the only thing to measure when considering transportation. Other areas to consider measuring as it relates to transportation: Managing inventory.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

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10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

You see that as well in the actual distribution centre networks. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. For others it means having really good visibility for outbound distribution.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

By contrast, the third-party logistics model is where a manufacturer retains oversight of its supply chain but outsources such processes as warehousing, shipping, packing, and distribution to a 3PL provider. Distribution to Woolworths supermarkets and beyond. Transport.

3 Initiatives Driving Sustainable Transportation and Logistics Management

Supply Chain Nation

Recent studies have shown that transportation is the single largest source of greenhouse gas emissions in the United States. Department of Energy calculated that CO2 emissions from transportation surpassed two billion metric tons ; it’s hard to imagine what that number looks like today. Using a modern transportation management tool that fuses flexibility into distribution networks is effective in creating cleaner, smarter transportation strategies.

Understanding Supply Chain Management

SupplyPike

These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. Also, as offshoring makes modern supply chains more complicated, multi-channel distribution and global marketplace emphasize on the importance of SCM. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Learn about.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment. Warehouse Management and Transportation Management were in their infancy. I helped to implement early versions of Distribution Requirements Planning (DRP). (I I ran distribution centers for the next fifteen years. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed.

BluJay Launches Transportation Modeling Application, Blazes Trail as First TMS Provider to Build Modeling Solution on LLamasoft Cloud Platform

BluJay Solutions

Holland, MI – June 2, 2020 – BluJay Solutions , a leading provider of supply chain software and services, announces the launch of its Transportation Modeling application, built in collaboration with LLamasoft , the leading provider of AI-powered supply chain analytics software. BluJay’s Transportation Modeling uses data generated through the network and applications within the larger BluJay ecosystem. BluJay’s Transportation Modeling application leverages LLamasoft’s llama.ai

Why A Successful Transportation Management Program Is Empowered By Data

Cerasis

Today we continue our long series and look at teaching shippers how to remain strategic when it comes to logistics and their transportation management program. In this post we will talk about how you can improve your transportation management program by focusing on using data, extracted from the use of technology, such as a transportation management system, that then people can use to continuously improve. Metrics. Data Management and Transportation Services.

Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Digital Factories 2020: Shaping the future of manufacturing (48 pp., Machine learning is predicted to reduce costs related to transport and warehousing and supply chain administration by 5 to 10% and 25 to 40%, respectively.

5 Best Practices for Transportation Managers Considering Logistics IT Solutions

Supply Chain Collaborator

191 qualified global logistics practitioners were surveyed in 2015 by American Shipper magazine for their seventh annual benchmark study of transportation management. The report examines the trends impacting how shippers and logistics service providers manage freight transportation processes and the technologies used in support of these processes. Sure, cost is a valuable metric for gauging success.

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. no metrics, operate in functional silos). Therefore, the first step is to define those processes, along with who will execute and manage them and what the right metrics should be.

This Week in Logistics News (January 7-11, 2019)

Talking Logistics

Hunt Transport acquires home delivery firm for $100M (CCJ) Key By Amazon adds garage and business delivery, new locks and Ring compatibility (TechCrunch) Walmart taps Udelv for latest driverless car tests to deliver groceries (CNBC) Autonomous trucking startup TuSimple is taking 3 to 5 commercial trips a day (TechCrunch) Why Your Ice Cream Will Ride in a Self-Driving Car Before You Do (WSJ – sub. New in Transportation Management Systems (TMS).

Food Waste and World Hunger – The Food Supply Chain is Broken! (Videos)

Supply Chain Game Changer

Video Source: [link]. Consumers are the biggest source of food waste in developed countries as they discard at least 20-30% of what they purchase. Table Source: [link]. If all the world’s food were evenly distributed, there would be enough for everyone to get 2,700 calories per day – which is more than the minimum 2,100 requirement for proper health. ” Source: [link]. Check out ReFed’s Roadmap to Reduce Food Waste: Video Source: [link].

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Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. According to World Bank report, efficient logistics refer to transport, storage and conveyance of products to the ultimate consumers from the companies at minimal costs. Green logistics has a significant role in the trade process, transport and deliver the goods.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Thanks to omni-channel distribution, 3-D printing, self-service logistics and other avenues of disintermediation, traditional supply chain roles are rapidly being transformed into all-new opportunities. Source ID. Source ID. Content Summary: Personal Mover Transports Employees around BMW Plant. Source ID. Source ID. Last-mile distribution demand is transforming urban real estate in various ways, including: ? Source ID. Source ID.

The Trends Shaping Supply Chain and Logistics: Takeaways from Descartes Evolution 2017

Talking Logistics

getting buy-in from drivers and other stakeholders) and implementing appropriate metrics to measure and drive performance.). Another dimension of business intelligence is mashing together different data sources, such as weather, traffic, and trade data to generate new insights, which is part of the reason why Descartes acquired Datamyne this past December. (As What is the #1 technology topic Descartes CEO Ed Ryan gets asked about?

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

It’s the reason why On Time In Full (OTIF) is a critical supply chain metric today. The concept of a distributed ledger that can either be public or private that is transmitted along each step of a process is a game changer,” said Dan, offering a more optimistic view. As a citizen of Estonia, virtually every transaction you would need to perform that involves a government agency can be performed on their systems utilizing the concept of blockchain or distributed ledgers.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes.

Forecast Accuracy at the SKU Level is Achievable

Logility

Over my 25+ year supply chain career I have worked for several distribution-intensive companies and every single one of them had a focus on improving forecast accuracy. Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution, maximize customer service, ensure confidence in company financial projections.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs. Next, you would have management supporting this effort during their daily Gemba walk, reviewing these hourly metrics. Specific metrics: process metrics and outcome metrics.

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Supply Chain Planning in Emerging Markets: Four Points to Remember

ToolsGroup

And while each market can be unique, we found a few repeating themes in our own experience and from sources including Gartner and our customers Procter and Gamble (P&G) and Cipla Medpro. An example is an industrial gas distributor whose customers were as much as 500 kilometers from their supply points, making distribution difficult to execute. Procter and Gamble operates one of the most vast, complex distribution networks on earth.

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

Identify the Limitations and Provisions for Each Form of Transportation for Each Area. It needs to have a fail-safe to prevent vendors from selecting incorrect shipping methods and provide a source of cross-checking between shipment selection. Such rules provide an incentive for vendors to adhere, and at your discretion, consider implementing a reward system for vendors that meet reliable standards for metrics, such as on-time delivery and appropriate fill rates.

Taking the Hill

Supply Chain Shaman

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. We do not believe that there is much value in putting all companies into a spreadsheet and shaking them up… or looking at singular metrics without analyzing the intricate trade-offs of the supply chain when viewed as a complex system. When companies look at singular metrics (labor costs or inventory), they have moved backwards.

Countdown to Black Friday: It’s the Final Countdown, So Get Your Shipments Up in the Air

CH Robinson Transportfolio

Understand the metrics of air cargo: time and money. In addition, consider the ancillary services that happen behind the scenes, such as customs clearance and distribution/delivery sourcing. An experienced 3PL provider will keep these in mind when advising the best options for you—helping translate an optimized supply chain into lower overall transportation spend. Global Transportation Air Black Friday Shipping

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Misnomer

Supply Chain Shaman

The team was organized around the functional silos of source, make and deliver. I had managed factories and distribution centers, and strongly believed that the best supply chain results stemmed from strong, well-run functions. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. Misnomer (n): A wrong name.

5 fundamental ways to reduce Last mile Delivery Costs

Abivin

The term “last mile” is more than just a buzzword in the logistics and supply chain industry, concerning the transportation of goods to the final destination. You can measure your fleet performance with 5 key metrics for last mile delivery. However, the inefficiency of delivering goods and difficulties in reaching end users trigger last mile problems by dint of high transportation expenses. Source 1. Source 3.

Top 5 Trends to Know to Compete with Amazon’s Supply Chain

Cerasis

However, newer management systems, such as a comprehensive transportation management system (TMS) that integrates warehouse management with transportation management, are starting to offer more accessibility and personalization options. In other words, accessibility and personalization allows warehouse managers and staff members to define metrics relevant to new products and current operations, test new processes and effectively manage the flow of goods.

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Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

We will define some of the most prevalent in transportation for those of you who have ever found yourself confused by the terminology. Typically, it accounts for the planning of demand, production, distribution, and transportation. Air Freight — Transportation of products via air transportation methods. Cargo — Product carried during transportation. Claim — In freight, shippers can retroactively charge carriers for damages or loss to transported products.

A perfect supply chain?

Kinaxis

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? What If I was to also constrain the resources you had at your disposal and said you only had 5000 transportation vehicles and your delivery slot was just 1 hour and that your delivery window was always 12pm until 1pm?

Is Apple Supply Chain Really the No. 1? A Case Study

Supply Chain Opz

Apple Inc purchases raw materials from various sources then get them shipped to an assembling plant in China. For other distribution channels such as retail stores, direct sales and other distributors, Apple Inc will keep products at Elk Grove, California (where central warehouse and call center are located) and supply products from there. Some re-sellers may also distribute products from the competing manufacturers. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About.

Top 25 Supply Chains of 2018

Material Handling and Logistics

The rankings are based on a composite score based on the opinions of Gartner’s analysts; a group of peer voters (mostly supply chain practitioners, professionals and experts; in the interests of full disclosure, I myself am part of the peer panel); some metrics, including return on assets, inventory growth and revenue growth; and a corporate social responsibility (CSR) component score. So the CSR score too is more of a popularity contest than a consistent metric. Source ID.

Global Trends in Digital Supply Chain - 2018 Review

Abivin

Source In the year 2018, Artificial Intelligence (AI) and Advanced Analytics have evolved into the kind of “can’t do without” technology. But what happens when you can’t process a huge amount of data coming from different sources? Source In 2018, companies continue to rely on data to make decisions in logistics. Source Evidence of greening supply chain can be found in the delivery giant UPS. Source Amazon has been using robots in its warehouse for years.